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Analyst Comment

HCA Market Close 13.12.22: Featuring SKAKO, MapsPeople, and Impero

By Philip CoombesEquity Research Analyst
SKAKOMapsPeopleImpero

HCA Market Close 13.12.22 – SKAKO A/S gains on the announcement of a new order, while MapPeople and Impero adjust their 2022 full-year guidance down.

Market Movements:

Denmark: OMX:C25 (+1.35%) ; Sweden: OMX:S30 (+1.51%) ; Norway: OBX:OSL (+1.75%) ; S&P 500 (+0.64%) ; Nasdaq (+1.30%); Stoxx 600 (+1.29%)

Market Drivers:

Markets gain today as lower-than-expected US CPI data sparked a risk on session.

Today markets surged higher as the US CPI data for November came in at 7.1% year-on-year and 0.1% higher month-on-month. The consensus among wall street banks was for CPI of 7.3%, and the number, therefore, signals disinflation is underway, and inflation has likely peaked.

The data all but confirmed that the Fed will hike interest rates by 50 basis points tomorrow, as the market expects. The disinflation process can create room for the Fed to pursue a less aggressive rate hiking cycle giving risk assets a boost. Tomorrow Jerome Powell and the Federal Reserve will make their rate hike decision, which will be followed by the EBC also hiking interest rates on Thursday. Markets are likely to continue to act to the remaining macroeconomic news and data for the rest of the week – so far, the Santa Claus rally is continues.

 

Snacks from the HCA Platform:

SKAKO announced this morning that SKAKO Concrete has sold a high-quality facility to a large international and strategically important customer. The facility, which consists of a number of different equipment from SKAKO like mixers and controllers, will be used for the production of concrete roof tiles. The order is valued at around DKKm 23 and is for delivery and installation in the first half of 2024. As such the order will not affect the current guidance for 2022 but will impact revenue and earnings in 2023 and 2024. The share initially gained over 3% but closed the day flat.

Today, MapsPeople has downgraded its guidance for the company’s Total Contracted ARR by the end of 2022 to the range of DKK 68-73m (before DKK 75-85m) due to prolonged customer decision-making processes from the macroeconomic uncertainty. However, the share gained 3.7% in a risk-on session.

Impero has downgraded its ARR guidance to the level of DKK 23.3-25 million. by the end of 2022 (previously at the lower end of the DKK 26-29 million level), as the company is experiencing delays and longer decision-making processes in its German market. The share fell 4.1% in today’s trading. You can meet the management tomorrow at our Nordic Virtual Growth Days. Sign up here: https://www.inderes.dk/videos/virtual-nordic-growth-days-seminar-14-december

Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:20

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